Sunday, April 22, 2012

Jim Johnson - Still Toxic?

The man who, more than anyone else, is responsible for the 2008 financial crisis still draws more than half a million dollars per year from Goldman-Sachs.
“Mr. Johnson has been at the center of several egregious corporate governance debacles. … We believe Mr. Johnson’s history should disqualify him from service on the board of any public company.” Managers of the Sequoia Fund are campaigning to vote former Mondale campaign manager, Obama veep-vetter, and Man Who Destroyed the World (as head of Fannie Mae) James Johnson off the board of Goldman Sachs, a position for which (Felix Salmon reports) he was paid $523,000 last year.
Not only did Obama ask him to assist in his vice presidential search, Johnson was also a candidate for Treasury Secretary.


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